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Market Cap

€3.0b

Last Updated

2021/05/15 18:18 UTC

Data Sources

Company Financials +

Executive Summary

Interparfums SA creates, manufactures, and distributes perfumes through proprietary basis or license agreements with brands in ready-to-wear, fashion, jewelry, and accessories markets. More Details

Rewards

Earnings are forecast to grow 21.9% per year

Risk Analysis

No risks detected for ITP from our risk checks.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Interparfums's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ITP is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ITP's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.9%

ITP

0.6%

FR Personal Products

-0.2%

FR Market


1 Year Return

101.7%

ITP

25.7%

FR Personal Products

48.5%

FR Market

Return vs Industry: ITP exceeded the French Personal Products industry which returned 25.7% over the past year.

Return vs Market: ITP exceeded the French Market which returned 48.4% over the past year.


Shareholder returns

ITPIndustryMarket
7 Day-1.9%0.6%-0.2%
30 Day2.9%2.9%2.2%
90 Day21.3%9.6%11.0%
1 Year103.6%101.7%28.9%25.7%52.4%48.5%
3 Year99.4%94.3%45.1%35.9%26.1%15.2%
5 Year334.9%309.8%99.0%77.5%78.3%55.2%

Long-Term Price Volatility Vs. Market

How volatile is Interparfums's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Interparfums undervalued compared to its fair value and its price relative to the market?

89.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ITP (€57.3) is trading above our estimate of fair value (€24.86)

Significantly Below Fair Value: ITP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ITP is poor value based on its PE Ratio (89.7x) compared to the European Personal Products industry average (23.4x).

PE vs Market: ITP is poor value based on its PE Ratio (89.7x) compared to the French market (24.5x).


Price to Earnings Growth Ratio

PEG Ratio: ITP is poor value based on its PEG Ratio (4.1x)


Price to Book Ratio

PB vs Industry: ITP is overvalued based on its PB Ratio (6x) compared to the XE Personal Products industry average (2.6x).


Future Growth

How is Interparfums forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

21.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ITP's forecast earnings growth (21.9% per year) is above the savings rate (0.4%).

Earnings vs Market: ITP's earnings (21.9% per year) are forecast to grow faster than the French market (19.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ITP's revenue (14.5% per year) is forecast to grow faster than the French market (6.8% per year).

High Growth Revenue: ITP's revenue (14.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ITP's Return on Equity is forecast to be low in 3 years time (10.9%).


Past Performance

How has Interparfums performed over the past 5 years?

5.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ITP has high quality earnings.

Growing Profit Margin: ITP's current net profit margins (8.4%) are lower than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: ITP's earnings have grown by 5.3% per year over the past 5 years.

Accelerating Growth: ITP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ITP had negative earnings growth (-39.2%) over the past year, making it difficult to compare to the Personal Products industry average (21.5%).


Return on Equity

High ROE: ITP's Return on Equity (6.3%) is considered low.


Financial Health

How is Interparfums's financial position?


Financial Position Analysis

Short Term Liabilities: ITP's short term assets (€415.2M) exceed its short term liabilities (€101.6M).

Long Term Liabilities: ITP's short term assets (€415.2M) exceed its long term liabilities (€21.0M).


Debt to Equity History and Analysis

Debt Level: ITP's debt to equity ratio (2.2%) is considered satisfactory.

Reducing Debt: ITP's debt to equity ratio has reduced from 23.3% to 2.2% over the past 5 years.

Debt Coverage: ITP's debt is well covered by operating cash flow (418.1%).

Interest Coverage: ITP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Interparfums's current dividend yield, its reliability and sustainability?

0.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ITP's dividend (0.96%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.33%).

High Dividend: ITP's dividend (0.96%) is low compared to the top 25% of dividend payers in the French market (3.91%).


Stability and Growth of Payments

Stable Dividend: ITP's dividend payments have been volatile in the past 10 years.

Growing Dividend: ITP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (86.1%), ITP's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ITP's dividends in 3 years are forecast to be covered by earnings (52% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

27.3yrs

Average management tenure


CEO

Philippe Bénacin (61 yo)

32.33yrs

Tenure

€942,800

Compensation

Mr. Philippe Bénacin is a Co-Founder of Inter Parfums Inc. since 1985 and served as its President of European Operations since March 9, 2017. Mr. Bénacin serves as the President of Inter Parfums, Inc. Mr. ...


CEO Compensation Analysis

Compensation vs Market: Philippe's total compensation ($USD1.14M) is below average for companies of similar size in the French market ($USD1.65M).

Compensation vs Earnings: Philippe's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ITP's management team is seasoned and experienced (27.3 years average tenure).


Board Members

Experienced Board: ITP's board of directors are seasoned and experienced ( 14.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Interparfums SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Interparfums SA
  • Ticker: ITP
  • Exchange: ENXTPA
  • Founded: 1982
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: €2.968b
  • Shares outstanding: 51.80m
  • Website: https://www.interparfums.fr

Number of Employees


Location

  • Interparfums SA
  • 4, rond-point des Champs-Élysées
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings


Biography

Interparfums SA creates, manufactures, and distributes perfumes through proprietary basis or license agreements with brands in ready-to-wear, fashion, jewelry, and accessories markets. It serves customers ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/15 18:18
End of Day Share Price2021/05/14 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.